President Nikos Christodoulides emphasized the important contribution of shipping to the economic development of Cyprus and stated that his administration will continue to work towards the sustainable development of Cypriot shipping.
The GB-CY International Investment Conference 2024 was a success, featuring key players from the UK and Cyprus showcasing investment opportunities in real estate and other industries. The event aimed to strengthen business networking between the two countries, with a focus on real estate and investment opportunities in the UK. Discussions covered various topics, including real estate, finance, relocation, and investment opportunities in both countries. Areas for collaborative business between the UK and Cyprus were also explored.
The Great Britain-Cyprus Business Association’s International Investment Conference 2024 in Limassol aims to enhance business networking between the two countries. Deputy Minister of Shipping emphasized Cyprus Maritime Administration’s commitment to supporting the shipping industry and highlighted the strong diplomatic and economic ties between Cyprus and the United Kingdom. Cyprus has seen a 5.5% increase in ships registered under its flag, and offers diverse investment opportunities. UK Deputy High Commissioner emphasized the UK’s position as a global economic leader and commended Cyprus for its resilience. The conference focuses on promoting real estate and other attractive investment opportunities in both countries.
Fact: Shipping Deputy Minister Marina Hadjimanolis traveled to Guangzhou, China to attend the naming ceremony of the cargo ship ‘AAL Limassol’, owned by AAL Shipping, a subsidiary of Schoeller Holdings.
Singapore has been declared the world’s premier shipping center in the sixth Leading Maritime Cities survey. Cyprus, specifically Limassol, needs to improve its shipping infrastructure to be included among the top 50 cities in the future. Cyprus has made progress in improving its shipping sector, but more efforts are needed in areas such as research, technology, green transformation, and competitiveness to become a leading maritime center.